US jewellery sales climb in September
Solid consumer demand alongside stronger growth in discretionary spending further bolstered jewellery sales in the US in September, latest data from Mastercard SpendingPulse revealed.
September 2021 figures showed jewellery sales rose 55.3 per cent year on year during the period in review and 57 per cent compared to pre-Covid 2019.
Total retail sales have been rising every month year on year since September 2020, demonstrating robust signs of recovery heading into the holiday season, according to Mastercard. US retail sales, excluding automotive and gasoline, climbed 5.4 per cent from last year and 11.5 per cent from September 2019.
Mastercard SpendingPulse measures in-store and online retail sales across all forms of payment. “Specifically, discretionary spending is seeing strong growth. Restaurants, Department Stores, Apparel, and Jewelry sectors are up as consumers increasingly venture out to refresh their looks for events, occasions and vacations,” the company said.